100 ways to acquire real estate
This is the best time to purchase real estate whether you are a first home buyer or an investor before the market turns around and properties start becoming unaffordable again. There are many different ways to acquire, finance and sell real estate whether you have cash or not. Having money helps you negotiate a better deal because you can close quicker and eliminate financing fees.
The following are 100 ways to acquire real estate:
The following are 100 ways to acquire real estate:
- One of the favorites for investors is for sale by owner (FSBO.) As a buyer you negotiate directly with the seller and are able to find out his needs thus getting a better price
- Having bird dogs that scout for properties for you to review and purchase and pay them a specific amount when the deal closes. These can be friends, fellow investors, neighbors and others
- Rental homes are another source of houses for sale. Most landlords are willing to sell a vacant property rather than wait to put another tenant in.
- Knocking on doors to ask owners if they are interested in selling their property in the future is another way. You may get a call down the line when the owner is ready to sell
- Probate properties are another great way of acquiring real estate. Find out from your probate department where these properties are usually listed
- Estate sales can found through antique dealers who may have great contacts
- Government Auctions can have cheap properties
- Expired Listings can get you sellers that are motivated
- Some investors sell deals at wholesale prices
- A good relationship with an investor real estate agent can lead you a good deal
- Buying the remainder interest of a life estate and have the owner deed you their rights
- Signs out on the road can lead motivated buyers to you
- Flyers are very inexpensive and can be distributed to homes in the area you want to invest in
- The more traditional way of driving neighborhoods can help you locate homes that are in bad or desperate condition where the owner might be considering to sell
- Door hangers in your neighborhood can generate calls from sellers
- Fire damaged property can be a great deal if you have rehab experience
- Divorce can force a couple to sell their property
- Relocating owners are very motivated sellers
- Judgements that the owner cannot afford can force him to sell his property
- Out of State owners are more motivated to sell their properties
- Model Homes can be purchased and then leased back to the developer
- Vacant Lots purchased can be used as down payments to acquire other properties
- You can put down reservation on lots and sell them later for a profit
- Great deals can be found in abandoned home if you are able to track down the owner
- Bug controllers can refer properties to you that they worked on and have found out the owner want to sell
- Sheriff’s Sale also have good deals on properties
- With so many properties on the market, real estate auction companies have become popular and some houses are sold at very good prices
- IRS also sells homes to recover unpaid taxes
- The county also sell homes that property taxes are unpaid
- Estate Sale
- Veterans Administration also has homes for sale that have been foreclosed on
- Bank Owned properties are also another source and can be very profitable if the are sold for less than their fair market value
- Eviction courts have names of landlords who might be considering selling their property
- Properties with code violations may have owners who do not have funds to correct them and wants to get rid of the property
- Properties with mechanic liens are also another source of motivated seller
- Foreclosed properties can be great if you are able to negotiate with the owner
- Lawsuits can also force an owner to sell his property to free up some cash
- Partnership liquidation that owns real estate can help you secure great deals
- Trading homes can be another way of acquiring a property
- Private lenders can sell you their bad loans or let you take over properties that have been foreclosed on
- Some people prefer to own a nice car and would prefer to sell their home to purchase it. Car sales men can be a great source of who is wanting to sell their house
- Reverse mortgage can help you take possession of a property by paying the homeowner until he moves out or passes away
- If the owner needs cash you can give it to him for part of the equity in the home
- Assumable loans is one of the ways to acquire a property with little cash down
- Inheritance is another source of finding great deals on properties. Most children do not need them and can be great for seller financing if they are free and clear
- Investor bundles are properties being liquidated by investors because they investing in something else
- Large companies with high a turnover can make great referrals for owners wanting to sell
- With the world going online a lot of good deals can also be found on the internet
- Natural disasters can lead to an inventory of homes that need little work to be sold for large profits
- Other liens placed by the city or county can let you acquire the property if you pay off the lien
- Tax notices for increased taxes may force owners to start considering selling their homes if they cannot afford the payments
- Right of redemption can be purchased from the owner after the property has foreclosed and you can purchase that home for yourself at the cheap auction price
- Title companies can also be a great source of properties that fell through escrow for various reason and you can go acquire them at a great cash price
- Insurance companies can let you know properties that they do want to pay claims for and you can acquire them for a good price
- Carpet cleaners can also give good referral for properties going for sale
- Newspaper Carriers know and see a lot in the neighborhoods and can be a great source
- Postal workers get move in and move out notices and can provide you with many referrals
- City Inspectors may know properties that owners may want to sell
- Divorce Attorneys can refer you clients who want to sell their homes
- Bankruptcy Attorneys can also refer you clients who want to sell their homes
- Remodeling Contractors are usually used by owners getting ready to sell
- Missing Meters can mean utility companies have shut of power and the owner may be selling his home
- Bail Bondsman sometimes have properties placed as collateral that are for sale
- Homeowners Association have liens, deed restriction and code violations that may force the owner to sell
- Landlords with section 8 tenants may want to unload at low prices
- Local Investment clubs have other investors who may also have deals
- Landscape Companies are can also lead you to great properties
- Police may have property that need to be auctioned
- Gambling dealers are also a great referral source
- Pizza Delivery also see a lot in the neighborhoods and can be a great source
- You can pay an owners car payment to prevent it from being repossessed for an option to purchase the home
- Bankers have a lot of contacts and can lead you to some great properties
- Funeral Directors may choose to offer your services to bereaved family members
- Bartender hear a lot and may be a great source of motivated sellers
- Marriage Counselors may have a divorcing couple who want to sell their property
- Dentist and Doctors have lots of contacts and can be a great referral source
- Accountants may have clients who want to sell their properties
- Subcontractors learn of sellers when performing their contract work and can refer their clients to you
- Handymen are called for repairs before the sale of the property and also can give you great leads
- Building Inspectors know of sellers who would prefer to sell than correct a violation
- Local cable companies provide their service on a move in or move out and can be a great source
- Private investigators can provide useful owner information on abandoned properties
- Moving companies can let you know on owners moving and planning to sell their home
- Churches and charitable organizations receive property as donations and can be a great source of great deals
- Furniture Rental Stores’ customers usually move eventually and sell their properties
- Retirements homes have retirees who need to sell their property
- Foundation and Concrete companies know properties that cannot afford their services and the owner may be willing to sell it
- Rental Management Companies know when property seller wants to sell and can notify you
- Hardware store clerks are in touch with owners making some improvements before selling
- Parent Teacher Associations know a lot about who is moving out of town and you can offer your services to purchase property
- Window washing companies may also be a great source for leads
- Garbage men see a lot and can give you good leads
- Rent to own gives you the opportunity to control the property with little cash down and purchase it at a later date.
- Flood zones can make an owner uncomfortable with the high insurance payments and may consider selling
- Water and Sewer hookups can let you know who is moving in or out for owners that may sell their home
- Check cashing companies can also be a great source for leads of owners with financial trouble that need to sell their home
- You can offer to pay for roof repairs for an option to purchase the owners home
- You can also offer to pay college tuition for someone else for the option on the owners property
- Contractors can refer properties that have rejected their bids as the owner may decide to sell instead
- Properties with encroachment may not be fully insured by the title company and the owner may consider selling
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